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pls help?
In preparing a companys statement of cash flows using the indirect method, the following information is available: Net incom
- Multiple Choice o $52000. o $34,000. o $60,000. o S80.000. S70.000.
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Answer #1
Net income 52000
Adjustments :
(+) Depreciation expense 30000
(-) decrease in Accounts payable 18000
(-) Increase in accounts receivables 25000
(-) Increase in inventories 5000
Net cash provided by operating activities 34000
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